Tuesday, April 23, 2013

Reuters: Regulatory News: Marubeni examining Chinese conditions on Gavilon purchase, won't comment further

Reuters: Regulatory News
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Marubeni examining Chinese conditions on Gavilon purchase, won't comment further
Apr 24th 2013, 01:54

TOKYO, April 24 | Tue Apr 23, 2013 9:54pm EDT

TOKYO, April 24 (Reuters) - Japanese trading house Marubeni Corp is examining conditions imposed by China on its $5.6 billion purchase of U.S. grain merchant Gavilon and will not comment further, a company official said on Wednesday.

On Tuesday, Chinese regulators gave a qualified green light to Marubeni's purchase of Gavilon, imposing strict conditions that underscore Beijing's anxiety over food security.

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